| Show DANcER us SPIRIT OF SPECULATION a trong Strong Men Who Have Made Success of oi Business Call Attention A to the th Menace enace That Threatens in the wake wako of Wall street example a n disposition of reckless r diffused ll Itself through the th various arlous channels of Salt Lake LakeI gi I Hn has ns staid laid and arid conservative men melt of affair at the bold boldI U little value ulue forced to alit I Kh wildcat stocks stock toek of or 01 no are oro Ms h made to play tho O part of r drawing dollars from tram the pock 1 n rich c Ug and Individuals desirous of becoming If Ill r uns 11 W day this fear car docs doo not arise arlo from rom Investment In legitimate mining c t stocks LoCk J I ery thoughtful man U recognizes tho the safety Jj Jy r money Into Inlo them It does dOCK not ot apply to the of f putting i m I d ti i sum for tor the he development of solid and substantial enterprises Re J I II i apply with Ith strongest forte force to the tho spirit of gambling that lint has hasi tentacles and taken hold hol of so 80 many young men who ore are d i ItS t t their nil all In III mining stocks stocky that have not riot and cannot L I value alue I ITt t 5 uny iny Tt js 1 business busIne man to the News ono one day thIs week has hS become epidemic In this Ihla city It has hils seized upon the thu em emif C Lilion allon if Ir f alm t very Ivery business In tho the city Clerks who ar aror H U or SIG 16 l a n week lire are speculating as liS a wildly ns os n men with lIh thou thoun f arni ami their families tam Illes suffer f they win In oftener they thO lose n am ln hould be bo done dont to 10 put a V stop to It Their reputations at N r With a view vie to getting the lIe opinion of some of the leading lending business men ment menI V t I tM t community upon the new ness ne danger that has tins presented Itself the tho ws today obtained Interviews from the following all nil of whom have hae won lher puT pur i In the business Held field In struggles that entitle them to great grent and 1 TiMI TO T A it SAYS COIl COb The speculative spirIt Pf b i 9 rampant throughout the land said Colonel lup of X Z C St N I to tho the News Newa this morning Tho fever has reached Salt Lake Ilke and wo w are arc experiencing here just that hat H II being betag felt D In other r communities of or larger growth and greater com coin wn rai ial Importance First of ail I want to say U Col not only are ore mining and andr r rt r stocks too high but generally speaking all stocks stock are arc at nt iKs beyond lh their heir lr actual value This Is not to account for The Theman leson man H Is because of or the abundance of or money there Is In circulation anti and the tle thor r Ir that prevails This extra money Is seeking Investment and as a are re ro Bt It t Us kS are forced to abnormally high prices by J men who are ore bidding each other I am now talking of or strictly legitimate stocks I dont ont like lite to 10 see se e this spirit It Is not n a 1 healthy symptom As s regards speculative the rei re exhibited In handling han them discloses one of the groat great 1st t dangers danger dang n to commercial life and standing It t Is a n source S of great I llon Ion to u oung men inn and the tue cause of the tho downfall of n u great ninny many man They rue that It II they have hm lost logt n a little they the must risk more to get Iet It back That tat e tots gOts on oil on until very ery often something Is done that brings brines about In and disgrace A condition of or that kind should not prevail In a n community Ity hy that has b be been In n noted for fur Its conservatism as ua this has lins Again guin I say gay It Is la Ise e to 10 Mil CI a hIt halt I XUI HAYS sirs W V S trO There can only be one OM et to the Indulgence of at speculation ip e In 11 tiJi IJ at stocks that are ar entirely with out Intrinsic value said Raid Hon lion W V S 3 head of or the big banking house which bears his hlA name I To bf ln with the basis of ul HIt ull such deal Ings are uro placed upon n a n falsa un dation and the th last IlISt manas man liS as u II rule rul who stocks Blocks It that tha lia lIr been Lt I transferred again and again will get bitten As Along llong long as ono one r on can un unload load oad ad stock upon another at I t n profit It would woul seem that such speculation lation lion was us legitimate as ns dealing In stocks of at o established value Hut But uch mh Is not the case cas and as sure as tim the sun rises anil sets a crash will come cottie oner net or cr later Wherein lies the greatest danger In stock dealing was asked of Mr Uc c After a n moment of or careful deliberation he said suld In speculative stocks of course These are arc very ery er often carried to ab ormal heights though I wish to tu say Hay that mining speculation and tho tim linac t cg nf cf apparently worthless properties develop some of the great But this should be Le borne In mind bonanzas cannot be made out ff t It Is U only once and awhile that such a property Is brought nto to tc There Is one ono benefit that comes however front from mining In III eat that do not obtain as a n rule In other lines of speculation peculation To 10 ak thi clear cloar It If it cost coM to get got out of the ground the world the th by b Just Somebody has hns got the money with which he hI ch b money my mon y was WIlS brought Into existence It cant be he eaten It Is not nott It t has entered In to the tho worlds commercial life lICe and will be clr dr J the channels of trade for the tho benefit of all When asked for a n word of advice adIce to young oung men Mr Ir said It ii n II s not only to young oung men but to middle aged unIt and old slow w fateful carefuL Dont risk rl t nil all that you OU have When Icen you OU Invest Invest In some Lieg that you CU are certain will vIll bring you OU u II fair aIr return That is better than thanking king kine j chances chat chan es that you cannot afford to 10 take It Is II perfectly legitimate le to tolie lie and assist In la the development of mines But Dut dont stake Make your our all alt alto o 0 mm mill should hould do that If you OU wish to Invest watch your our chances and In Inest est elt it Judiciously l and not blindly If It you yo do so It will wilt be better for you ou and andra ra IT liT MIAH m H IlI 8 S HILLS Mr r L I s a mils hills of tho the Desert National bank did 1111 not take a n very er hopeful nv w of the preset pr speculative spirit which ho he said had hod seized upon almost try In th the land They are arc said he hc simply following the cx ex pie or of Wall street We have been watching the financial giants of that tat at money center la In their struggle to secure the control of or valuable rail rall raila aa ad a properties As s g n II rule the originators of these schemes lire are experienced rey rot are past palt grand grani masters at nt the business They I he know what they the are arc do dof dog f g It II i the other fellow tellow who lIo pays pas their expenses I I do not flat know saId sal Mr Ir Hill reflectively that It will do any good coot to torn larn am rn the that their present course means disaster If It they the do o not turn turin on om M it U A new ne generation haa hns grown up It knows nothing of ot the experience the one ens o that Is It must learn for tar Itself It wilt will apparently be con conr conat r nt at With th Use ese Ise I have passed passe through t tWO o great financial Tanks and andow andow ow What ft 11 means One was vas wa In 1857 the other was In Before Detoro they came como camen en n tut Wild w They speculated In everything and disaster was vai the result f gala Kan in nyi H When hen en thc th boom struck gruck Salt gal Lake we dl did j everything possible to toI toI I I it but tut could no more stem It than we e could stop star the Hoods floods that f ended r d their thelt way ay to the Jordan In the great deluge of yesterday It may maya ma mae maC e C that a cra crash h Is III upon us again I 1 dont know that the News can do t tards averting It ns lIS the lever fever of speculation Is III so widespread But Dut Buty y your apr r Is to be commended for tor making an attempt In that dl lion 0 It is js time for the conservative clement dement to step to the front anti sound word of ot warning arning |
